NEWS at last...............
They have regurgitated the same cautionary as 25 November as repeated over and over again.......
AGAIN
Posted 27 May 2015 - 05:19 PM
NEWS at last...............
They have regurgitated the same cautionary as 25 November as repeated over and over again.......
AGAIN
Posted 23 May 2015 - 09:38 AM
Will this be an advertisement soon, FOR SALE....not used at all was bought for R10,000,000 now only R1 bargain! More detail in Afdawn Interim Report 28 November 2014. (sorry no guarantees)
Posted 23 May 2015 - 09:23 AM
Hawk
Posted 20 May 2015 - 07:28 PM
Posted 20 May 2015 - 04:11 PM
Welcome back Taurus!
Posted 20 May 2015 - 03:53 PM
All this smoke and mirrors. When I looked at my share of a micro lender in trouble I believed that the board at the time (Mac vd Merwe, Christo Wiese and associates) where seriously solving the situation and turn business in the right direction. They asked for more funds to come for better times. But alas they washed their hands clean and passed on the shell with hidden liabilities and left the shareholder to pay the bill. This seems how business is done today. Well I believe in Karma. What goes around comes around. The secrecy and scheming is astounding and time will come to explain.
“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place”
Posted 20 May 2015 - 02:25 PM
Posted 20 May 2015 - 01:45 PM
Posted 19 May 2015 - 11:10 AM
This is a recent tweet from Junior Buffet to Keet:
Are the problems at ADW going to slow down your planned and future investments?
Keet to Junior Buffet:
NO to build on @ Knife Cap momentum we need to execute our investments tee'd up and build SH value there while cleaning up ADW.
This doesn't sound like he's in a panic, does it? This may be why the shares are trading this morning at 6c with small volume.
What is not known about SARS, is if the worst case scenario can be paid with existing funds or not. But then again Keet's answer
above shows no panic?
Posted 18 May 2015 - 08:15 PM
Hawk
Posted 18 May 2015 - 08:14 PM
Hawk
Posted 18 May 2015 - 08:02 PM
HI BS,
Jacques Groenewald has never done any deals in his life before; he forced the KC deal (creative valuing KC) for reasons that are now obvious (he has also received a handsome fee for the flawed Knife Capital DD). With all the degrees there are no business experience or acumen at all. JG also tweeted that the iKubu 'deal' is prove that Grindstone is a very profitable venture; we all know that they chose to ignore the outcome of the so called 'deal'.
I know they peep at this forum and two of the Exco actually made comments therefore another challenges lady and gentleman; share with your stakeholders information on the IDC grant. Another case of misinformation IDC do not fund scale-up ventures! Have you received any funding from them? Who then sponsors Grindstone?
They are all fund managers and wanna be entrepreneurs but it has always been OPM.
Well, re the share price it is amazing that anybody is willing to buy at 5 cents? Sellers are making a killing.
Come on Board members engage with you owners.....
Hawk
Posted 18 May 2015 - 06:14 PM
Jacques Groenewal t(the CEO) twitted on 29 Jan 2015
Reflecting back on the year,The knife capital acquisition is shaping up to be one on the best investments Ive ever made.
How misled can the shareholders actually be.And if this investment is one of the best hes ever made,imagine how bad the others are?
There are 3 CAs an attorney and a pile of other degrees floating round Afdawns top 8.The SARS thing was years old then 6 plus months in a SENS cautionary state and then recently a third party could
not tie it up?..........................PATHETIC
More interesting I thought the price today would close at 4c or below ,but the 6c close surprised me.
Posted 18 May 2015 - 10:52 AM
On today's Moneyweb site.... "Among Knife Capital’s most successful investments are Fundamo and iKubu. Fundamo is a specialised mobile financial services provider that Knife Capital sold to Visa in June 2011. More recently, the VC funder sold Stellenbosch-based start-up iKubu to GPS navigation company, Garmin."
Who gave Moneyweb this information? KC is an insolvent company (as per Afdawn interims) and never invested any money in any company. This is the type of misinformation that is fed to the market to create a perception of success. They have tried to set up a fund but could not raise any money and then sold the KC shell to Afdawn. If they disagree set the record straight and I will humbly apologise...
As with Elite it is all smoke and mirrors. Why do they keep the SARS cautionary 'alive'?
Shareholders have the right to be furious.
Hawk
Posted 18 May 2015 - 10:32 AM
At the AGM JG' advisor/consultant commented when the King Report was raised that the King Report is not really applicable to smaller companies and that management must have the latitude to do business as they see fit without sharing information with shareholders. Well hind sight is an exact science; they have followed his advice and shareholders are now paying the price. The one thing that is paramount is that they have mislead shareholders and the question is so what? JG categorically stated that Elite was under control also as per the Interim Report.
I said it before the Executive team members have no business experience, capabilities and their integrity is questionable. The Board must take full responsibility for the breakdown in Corporate Governance. The AGM was attended by only one Non-executive Board member (not even the Chairman attended the AGM....).
Ponzin made some relevant comments re Elite a while ago which he retracted afterwards, I wonder what that was all about?
Posted 18 May 2015 - 09:58 AM
In short, the situation is a disgrace!!!!!!!!!!!!!!!
Posted 18 May 2015 - 09:51 AM
Eina!!!! Ran away at 8c so ..............................
Posted 18 May 2015 - 09:06 AM
And so the blood start to flow in trading. Not how I imagined the start of my Monday morning
Posted 18 May 2015 - 08:23 AM
Gave them the benefit of the doubt, now time to sharpen the pitchforks and light the fires.
Although we as investors love to speculate (sometimes), being looked in the eye at the AGM and lied to does not sit well.
Sell all, buy more......?????
Posted 17 May 2015 - 10:33 AM
Is it possible in a very small company such as Elite that management after having spent considerable time to clean Elite up still have no idea what the status of the assets are. The present Elite Executive team and Elite Board took over from the previous Board and management on the 12th August 2014. One must also appreciate that Elite is the major subsidiary.